Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu & Ethereum – American Wrap 31 December

FXStreet Team FXStreet

Shiba Inu price is looking for support before breaking above $0.00004000

Shiba Inu (SHIB) price is a bit stuck between buyers and sellers as bulls are trying to push back above $0.00004000, while bears are trying to trap bulls and get them to be stopped out of their long positions.

Three reasons why experts believe Ethereum killers would outperform ETH2.0

As Ethereum heads towards ‘the merge’ or the transition from proof-of-work to proof-of-stake, experts believe Cardano, Solana and Polkadot could outperform ETH2.

Bitcoin Weekly Forecast: BTC price provides buy opportunity before ascent toward $110,000

Bitcoin price could be awaiting a major upswing if the digital asset manages to slice above a crucial line of resistance. The prevailing chart pattern suggests that if the leading cryptocurrency could be expecting a 54% surge toward $110,000 if BTC breaks above $69,829.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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